Nifty 50 - Analysis

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NIFTY 13 SEPTEMBER 2021 : This is most crucial week of current upside. CAUTION NEEDED.


 Good morning friends, 

A big question that is running in everybody's mind is, "When will correction come?" It doesn't matter weather you are bull or bear but this is a genuine question to ask. 

The way I am reading the chart, we may see a possibility of correction sooner. It may come by this week or next week or week after but it is a over due correction and market dynamics will force market for a correction. 

For today's trading, I picked two important resistance, 

Resistance 1 = 17380, 

Resistance 2 = 17440.

Crucial supports are as follows

Support 1 = 17280

Support 2 = 17230

I favour bears today. Nifty is likely to hit the support zone but market nature will be volatile to extremely volatile. 

Do improvisation during trading hours. 

Happy trading  

I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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